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Leonid Hurwicz

economist , educator

Leonid HURWICZ, economist in the field of Economic Systems. Fellow, President, Econometric Society, 1949, 1969; Fisher (Econometric Society) Lector, University Copenhagen, 1963; Member, American Academy of Arts and Sciences, 1965; Ely (American Economic Association) Lector University Toronto, 1972; Member, National Academy of Sciences, USA, 1974; Distinguished Fellow, American Economic Association, 1977.

Background

Hurwicz, Leonid was born on August 21, 1917 in Moscow. Arrived in the United States, 1940.

Education

Master of Laws, University Warsaw, Poland, 1938. Doctor of Science, Northwestern University, Evanston, Illinois, 1980. Doctor honoris causa (honorary), University Autónoma de Barcelona, Spain, 1989.

Doctor of Economics honoris causa (honorary), Keio University, Tokyo, 1993. Doctor of Laws (honorary), University Chicago, 1993. Doctor honoris causa (honorary), Warsaw School of Economics, Poland, 1994.

Dr.rer.pol honoris causa (honorary), University Bielefeld, 2004.

Career

Research associate Cowles Commission University Chicago, 1944—1946. From associate professor to professor Iowa State University, Ames, 1946—1949. Professor economic, mathematics and statistics University Illinois, 1949—1951, University Minnesota, Minneapolis, 1951—1999, Regents' professor, 1969—1988, Regent's professor emeritus, 1988—2008, Carlson professor economics, 1989—1992, professor economics, 1992—2008.

Visiting professor economics Stanford University, California, 1955—1956, 1958—1959, Harvard University, Cambridge, Massachusetts, 1969—1971, University California, Berkeley, 1976—1977, Northwestern University, Evanston, Illinois, 1988—1989, University California, Santa Barbara, 1998, California Institute of Technology, 1999, University Michigan, Ann Arbor, 2002. Fisher lecturer University Copenhagen, 1963. Honorary professor Central China University of Science and Technology, Wuhan, 1984.

Visiting lecturer People's University, Beijing, 1986, Tokyo University, 1982, Hebrew University, Jerusalem, 1993, Australian Econometric Meetings, Melbourne, 1997. Visiting Fulbright lecturer Bangalore University, India, 1965—1966. Visiting distinguished professor economics University Illinois, 2001.

Invited lecturer Chuo University, Keio University, United Nations University, Institute Advisory Studies (symposium participation), Tokyo, 1999, Symposium Development Western China, Chongqing, 2000, Public Economic Theory Conference Warwick University, England, 2000. Consultant Economic Design, Istanbul, 2000, Center China University of Science and Technology, Wuhan, 2000, Peking University, 2000.

Achievements

  • Fellow, President, Econometric Society, 1949, 1969. Fisher (Econometric Society) Lector, University Copenhagen, 1963. Member, American Academy of Arts and Sciences, 1965.

    Ely (American Economic Association) Lector University Toronto, 1972. Member, National Academy of Sciences, USA, 1974. Distinguished Fellow, American Economic Association, 1977.

Works

  • book

  • Other Work

    • Co-author (co-editor (with K.J. Arrow): Studies in Resource Allocation Processes, 1977. Co-author: (co-editor (with K.J. Arrow and J. Uzawa) Studies in Linear and Non-Linear Programming, 1958. Co-author: (co-editor (with J.S. Chipman) Prefences, Utility and Demand, 1971.Co-author: (co-editor (with D. Schmeidler and H. Sonnenschein) Social Goals and Social Organization, 1985. Editor: Economic Design, 1993, Review of Economic Design, 1997, Journal of public Economic Theory, 1999, Advances in Mathematical Economics, 1999, Economics Bulletin, 2001. Member advisory board: Journal of Mathematics Economics.Co-editor (with Thomas Marschak): Economic Theory, 2003. Contributor articles to professional journals.

Views

Looking at economic systems from a ‘designer’s point of view’, regarding the economic mechanism as the unknown of the problem rather than a datum, the problem being to construct mechanisms satisfying specified desiderata (e.g. informational decentralisation, efficiency, individual rationality). Constructing formal models useful in analysing and designing economic systems. Formulating rigorous definitions of informational decentralisation and incentive-compatibility.

Using the framework of noncooperative game theory to study the incentive-compatibility properties of economic mechanisms. Results on stability of competitive equilibrium (with K. J. Arrow and H. D. Block), programming in infinite-dimensional

spaces, least squares bias in autoregressive time series. Analysis of the concept of causality.

Membership

Fellow: American Economic Association (distinguished, lecturer 1972), Econometric Society (president 1969). Member: National Academy of Sciences, American Academy Arts and Sciences.

Connections

Married Evelyn Hurwicz. Children: Sarah, Michael, Ruth, Maxim.

spouse:
Evelyn Hurwicz

children:
Sarah Hurwicz

Michael Hurwicz

Ruth Hurwicz

Maxim Hurwicz